How to Invest in the Sun Belt Areas with Charles Carillo

Listen to the Episode (20:32)

Charles Carillo is Managing Partner of Harborside Partners, a real estate syndication firm, and has been actively investing in multifamily real estate since 2006. Charles also hosts the Global Investors Podcast where he interviews professionals about investing in US real estate.

If you are planning to invest in properties in the Sun Belt Areas, then tune in. Charles will give a sneak peek at how they have been successful in buying and adding value to their properties, the strategy of which you can apply even outside these areas.

[00:01] – [02:08] Opening Segment

Let’s get to know Charles Carillo
- His real estate story
How they are buying larger multifamily complexes

[02:09] – [12:50] Investing in the Sun Belt Areas

We have an interesting conversation about labor shortage
The role of property managers according to Charles
Charles talks about his team’s experience investing properties in Sun Belt states

[12:51] – [17:40] Properties with Lowest Risks

The typical behavior of Americans when there’s a need for a lifestyle change
Can other real estate firms replicate what Charles and his team are doing?
- Charles explains
The properties that Charles considers as lowest risks
- The biggest expense in investing in properties

[17:41] – [20:31] Final Four Segment

A useful tool or resource that you cannot live without
- Trello
A real estate mistake and how to avoid it
- Not doing your homework about your target market
- Invest in areas that are going to be expensive
Your way to make the world a better place
- Monthly food banks
Reach out to Charles
- See links below
Final words

Tweetable Quotes

“If you want to be buying properties for five- or seven-year business plan, then you can get a touch more aggressive and start pushing that line of gentrification.” – Charles Carillo

“Turnover, as you know…that’s the biggest expense in this whole business. So if you can minimize that, that’s where you’re printing money.” – Charles Carillo

“I would buy in better areas. Just make sure when you’re buying, it’s going to be more expensive. It’s going to hurt you. It’s going to kill you to do it, but buy in better areas.” – Charles Carillo

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Email charles@harborsidepartners.com to reach out to Charles or follow him on LinkedIn. Visit Harborside Partners to syndicate equity and partnerships for your real estate deals!

Are you a foreign investor who wants to enter the US real estate market? Listen to the Global Investors Podcast for tips and strategies you can apply right now!
Do you want to know more about Charles? Check out his online links and personal website.
Schedule a FREE 30-minute call with Charles here.